Shares & Derivatives
Striking the Privatisation Lottery 4 Times
By (The) Boring Investor  •  February 1, 2015
I am not sure if you have read the letter that I sent to Today, which was published on Tue (27 Jan). Here is the link if you have missed it: "Review Wave of Delistings on SGX". Coming back to the topic, how many times do you hope to strike lottery in a year? For me, I struck the privatisation lottery 4 times last year (based on date of announcement of the offer)! Below is the list of lotteries that I struck:
  1. CapitaMalls Asia (privatisation at $2.35)1
  2. STATS ChipPAC (takeover at $0.466; sold)
  3. UE E&C (privatisation at $1.25)
  4. CH Offshore (cash offer at $0.495)
Before you congratulate me on my "good luck", allow me to share an analogy on football with you.For those who are fans of Premier League football, you would be familiar with the news that Gareth Bale moved from Tottenham ......
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By (The) Boring Investor
nvestor, Engineer, Photographer, Blogger, Friend and Son.
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